Timor Sea Maritime Boundaries Treaty Consequential Amendments Act 2019 (57 of 2019)

Schedule 2   Provisions commencing once Greater Sunrise Production Sharing Contract comes into force

Part 4   Amendment of the Offshore Petroleum and Greenhouse Gas Storage Act 2006

Division 2   Saving and transitional provisions

61   Revocation of petroleum retention leases in Greater Sunrise special regime area

(1) A petroleum retention lease that was in force under the Offshore Petroleum and Greenhouse Gas Storage Act 2006 over a block in the Eastern Greater Sunrise offshore area immediately before the commencement of this item is wholly revoked by this item on its commencement.

Note 1: This item commences only once the Greater Sunrise Production Sharing Contract under the Timor Sea Maritime Boundaries Treaty has come into force. Under Article 4 of Annex B to the treaty, the conditions of the contract must be equivalent to the legal rights held under the retention leases.

Note 2: Division 4 of Part 2.3 of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 does not apply in relation to the revocation, because it occurs by force of this item.

Note 3: Under section 471 of the Offshore Petroleum and Greenhouse Gas Storage Act 2006, the Titles Administrator must enter in the relevant Register a memorial of the revocation.

(2) To avoid doubt, the following provisions of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 do not apply as a result of the revocation:

(a) section 14;

(b) section 115;

(c) subsection 132(3);

(d) section 178;

(e) section 708.

62 Saving of paragraph 61(2A)(a) and subsection 64(2) of the Offshore Petroleum and Greenhouse Gas Storage Act 2006

Despite the repeal of paragraph 61(2A)(a) and subsection 64(2) of the Offshore Petroleum and Greenhouse Gas Storage Act 2006 by this Part, that paragraph and subsection continue to apply for the purposes of proceedings occurring after that repeal (whether the proceedings started before, on or after that repeal).

63 Saving of Schedule 6 to the Offshore Petroleum and Greenhouse Gas Storage Act 2006

Despite the amendments of Schedule 6 to the Offshore Petroleum and Greenhouse Gas Storage Act 2006 by this Part, that Schedule continues to have effect as if it had not been amended.